National Unemployment Compensation Law

The National Unemployment Compensation Law is a federal law designed to provide financial assistance to workers who lose their jobs through no fault of their own. It establishes a system where eligible individuals can receive temporary monetary benefits while they search for new employment. The law sets guidelines for funding, eligibility criteria, and benefit amounts, ensuring that states can offer support to those in need. This safety net aims to reduce the economic impact of unemployment and help individuals maintain stability during their job search.